Markets

UCO Bank Announces Change in Chief Risk Officer Appointment UCO Bank has announced a change in its leadership, appointing Mr. Rajeev Gupta as the new Chief Risk Officer (CRO) of the bank, effective April 14, 2026. Mr. Gupta takes over the role previously held by Mr. Shashi Kant Kumar.Mr. Shashi Kant Kumar has been assigned a new operational mandate and has taken on the position of Zonal Head, Mumbai. He has been consequently relieved from his post as CRO at the close of business hours.The appointment of Mr. Gupta and the transition of Mr. Kumar mark key structural changes in the bank's risk management leadership.Key Details of the Leadership Change The appointment details confirm Mr. Rajeev Gupta’s assumption of the CRO role...

Pasupati Acrylon Limited Resumes Operations at Acrylic Fiber Plant Pasupati Acrylon Limited announced the resumption of manufacturing operations at its Acrylic Fiber Plant.The company confirmed that the production facility has resumed full operations. This follows an earlier communication from the company dated 24th March, 2026, which had detailed the temporary shutdown of the plant. The temporary closure was necessitated by delays in the shipment of raw materials, which were attributed to the ongoing war in the Middle East Region.The information regarding the resumption of operations was released by Pasupati Acrylon Limited on 14th April, 2026.PASUPTAC Stock Price Movement On Monday, Pasupati Acrylon Limited shares gained 0.99%...

Acme Solar Holdings Limited Files Writ Petition Challenging GST Show Cause Notice Acme Solar Holdings Limited has initiated legal proceedings challenging a Show Cause cum Demand Notice (SCN) issued by GST authorities. The company confirmed that it filed a civil writ petition before the Hon'ble Rajasthan High Court on April 13, 2026.The legal action taken by Acme Solar Holdings Limited aims to challenge the Show Cause cum Demand Notice, among other matters. This filing represents a development concerning the proceedings initiated by the GST authorities against the company.The company provided details of this development, confirming that the civil writ petition was filed before the Hon'ble Rajasthan High Court.For reference, the...

Bluspring Enterprises Enters Aviation Catering Sector with Acquisition of LSG India Bengaluru, April 13, 2026: Bluspring Enterprises Limited, an integrated infrastructure services provider, announced today that its wholly owned subsidiary, Bluspring New Horizon Two Private Limited (BNHTPL), has entered into a definitive agreement to acquire a 100% stake in LSG Sky Chefs (India) Private Limited (LSG India). This move marks the company's strategic entry into the high-growth aviation catering sector.LSG India, which is ultimately owned by AURELIUS, a global private equity investor, currently operates airline catering services at both Bengaluru and Hyderabad airports. The proposed transaction focuses on the acquisition of the Bengaluru...

Nesco Limited Vice President Taken into Police Custody Following Exhibition Center Incident Nesco Limited announced that its Vice President (Events and Exhibitions), a senior managerial personnel, was taken into police custody on April 13, 2026. The detention followed an unfortunate incident that occurred during an event organized at the Nesco Exhibition Center.The incident took place on April 11, 2026. Regarding the matter, Nesco Limited confirmed that the company is fully cooperating with the concerned authorities. The company stated that, as of the reporting date, no impact is foreseen on the listed entity.Nesco Limited provided specific details regarding the incident and the involved personnel, outlining the key facts as...

Just Dial Announces Financial Results for Q4 and Full Year for the Quarter Ended March 31, 2026 Just Dial Limited, India's local search engine provider, has announced its financial and operating results for the fourth quarter and the full fiscal year ended March 31, 2026. The results provide insights into the company's performance across its search and digital platforms.Financial Performance Overview The company reported several key financial figures for the period. The consolidated performance data for the fourth quarter (Q4 FY26) and the full fiscal year (FY26) are presented below.Key Financial Metrics for Q4 FY26 (Quarter ended March 31, 2026):MetricQ4 FY26Q4 FY25YoY changeOperating Revenue (₹ million)3,0722,8926.2%...

HCL Infosystems Appoints Gaurav Bhalla as Key Managerial Personnel HCL Infosystems Limited has announced the appointment of Mr. Gaurav Bhalla as a Manager and Key Managerial Personnel for the company. The appointment is set for a period of five years, effective from May 01, 2026.The appointment of Mr. Bhalla was subject to the approval of the Company’s shareholders, which was obtained via a special resolution passed through the postal ballot e-voting process on April 13, 2026.In his capacity, Mr. Bhalla brings extensive experience to the role. His professional background includes approximately 20 years of experience in various financial domains.According to the company details, Mr. Bhalla has specialized expertise in:Area of...

Hyacinth Hotels Subsidiary Receives Tax Demand of Rs. 46,39,783/- from CGST Authority M/s Hyacinth Hotels Private Limited, a subsidiary of Lemon Tree Hotels Limited, has received a tax demand order from the Office of the Assistant Commissioner of Central Goods & Service Tax, Delhi South Commissionerate. The order, dated April 13, 2026, raises a demand for tax, interest, and penalty under the Central Goods and Service Tax (CGST) Act, 2017.The demand pertains to the recovery of tax liability related to the import of services under the reverse charge mechanism, specifically invoking Section 74(9) of the CGST Act, 2017. The order also mandates applicable interest under Section 50 and a penalty, totaling Rs. 46,39,783/-.The authorities...

RITES Limited Confirms Liquidation of MMG - Metro Management Group RITES Limited has confirmed the liquidation of MMG - Metro Management Group Limited.MMG - Metro Management Group Limited was established as a Joint Venture Company involving RITES, Delhi Metro Rail Corporation (DMRC), and the Israeli firm M/s. Poran Shrem Engineering and Appraisal Limited. RITES Limited issued the confirmation regarding the closure of the joint venture company.RITES Stock Price Movement On Monday, RITES Limited shares slipped by 0.81%, settling at ₹205.2 before the close. The stock traded on substantial volume, with 587,325 shares changing hands during the session.Source:

LIC Announces Proposed Issuance of 1:1 Bonus Equity Shares Mumbai, April 13, 2026: The Board of Directors of Life Insurance Corporation of India (LIC) announced the approval of the issuance of bonus equity shares in a ratio of 1:1. The proposal, which is subject to the subsequent approval of shareholders, aims to reward existing members for their continued support and trust.The board stated that the issuance of bonus equity shares is intended to help balance the paid-up capital against LIC's accumulated reserves, while also enhancing the company's liquidity and marketability by making the share more affordable and attractive to a broader investor base. Furthermore, the company clarified that the proposed bonus shares would not impact...

Stallion India Fluorochemicals Limited Approves Grant of Employee Stock Options Stallion India Fluorochemicals Limited announced the approval of a significant tranche of Employee Stock Options (ESOPs) following a resolution passed by its Nomination and Remuneration Committee (NRC) on April 13, 2026.The NRC approved the grant of ESOPs to eligible employees under the Stallion Employee Stock Option Plan 2025.The key financial details of the ESOP grant are as follows:SchemeTotal OptionsExercise Price per OptionVesting PeriodStallion Employee Stock Option Plan 202515,86,505/- (Fifteen lakh eighty-six thousand five hundred five Only)INR 10/-Vesting over 1 year (100%)The total options granted amount to 15,86,505/- (Fifteen lakh...

Jio Financial Services Ltd Board Meeting Scheduled for April 17, 2026, to Approve FY Results and Recommend Dividend Jio Financial Services Ltd has announced that its Board of Directors meeting is scheduled for Friday, April 17, 2026. The board meeting aims to address the company's financial performance and recommend a dividend for the fiscal year.During the meeting, the primary agenda includes consideration and approval of the standalone and consolidated audited financial results of the company for the quarter and the year ended March 31, 2026. Furthermore, the board is scheduled to recommend a dividend on the equity shares of the company for the financial year that concluded on March 31, 2026.Following the board meeting, a...

Newmalayalam Steel Makes Further Investment in Subsidiary Prime NMS Private Limited Newmalayalam Steel Limited has made a further investment into its subsidiary, M/s. Prime NMS Private Limited. The investment was structured through a rights issue involving the allotment of 1,50,000 Equity Shares, at par.The total investment amount stands at Rs. 1,50,00,000. This transaction represents a cash consideration, marking a significant financial commitment by the parent company to its subsidiary.Prime NMS Private Limited is a company engaged across various metal processing activities. Its business scope includes manufacturing, processing, trading, importing, and exporting of steel, alloys, and all types of ferrous and non-ferrous metals and...

NCLT Issues Directive for Swan Defence and Heavy Industries' Amalgamation Scheme The National Company Law Tribunal (NCLT) has issued a directive regarding the proposed Scheme of arrangement and amalgamation involving Swan Defence and Heavy Industries Limited (SDHIL) and Triumph Offshore Private Limited (TOPL).The order, dated April 13, 2026, pertains to the Scheme aimed at amalgamating the two entities. This proceeding was initiated under sections 230 to 232, read with sections 66 and section 52 of the Companies Act, 2013.The NCLT directive inter alia outlined several requirements for the companies and their respective stakeholders. Key directives issued by the Tribunal include:SDHIL is directed to convene a meeting of its Equity...

LIC to Issue Bonus Shares in Ratio of 1:1, Capitalizing ₹ 6,324.99 Crore The Life Insurance Corporation of India (LIC) announced that its Board of Directors approved the issuance of bonus equity shares. The decision was taken during the Board Meeting held on Monday, April 13, 2026.The Corporation approved the bonus issue at a ratio of 1:1. This means that the company will issue one fully paid up equity share of ₹ 10/- each for every one fully paid up equity share of ₹ 10/- each held by its members as on the record date.The bonus issue will be capitalized out of the Reserves & Surplus of the Corporation available as at December 31, 2025, subject to approval from the members. The total sum available for capitalization is not to exceed...

Terrier Subsidiary Receives Rs. 9.26 Crores Income Tax Refund for FY 2024-25 Bluspring Enterprises Limited reported that its subsidiary, Terrier Security Services (India) Private Limited, received an income tax refund totaling Rs. 9.26 Crores. The refund relates to the financial year 2024-25 (Assessment Year 2025-26).Terrier Security Services (India) Private Limited received the funds on April 11, 2026, from the Centralized Processing Center (CPC), Income Tax Department, Bengaluru. This receipt was based on an order passed under Section 154 read with section 143(1) of the Income Tax Act, 1961, dated March 20, 2026.According to the details provided, the core financial information regarding the refund is summarized below...

HealthCare Global Enterprises Completes Acquisition of Additional Shares in Vizag Hospital HealthCare Global Enterprises Limited (the Company) has completed the acquisition of additional equity shares in Vizag Hospital and Cancer Research Centre Private Limited (Vizag Hospital). The purchase was executed from the Selling Shareholders and significantly increased the Company’s stake in the hospital group.The Company successfully acquired an additional 1,93,441 equity shares, which represent a 34% equity share capital of Vizag Hospital. The total aggregate purchase consideration for this stake was INR 154,50,17,135.82.Key details of the acquisition are summarized below:ParameterDetailShares Acquired1,93,441Percentage Stake...

Dixon Technologies Confirms Operations Unaffected by Noida Labour Protest Dixon Technologies (India) Limited issued a statement addressing recent media reports concerning a labour protest in Noida, Uttar Pradesh. The company clarified that the protest is considered an industry-wide event, primarily attributed to misinformation affecting multiple industries within the Noida region.The company confirmed that its own operations remain fully compliant with applicable laws and are experiencing no material impact due to the unrest.Dixon Technologies emphasized that ensuring the safety and well-being of its employees remains its highest priority. The company noted that authorities are actively coordinating with industries across the region...

LIC Appoints Mukesh Chandra Joshi as Additional Zonal Manager, North Central Zone The Life Insurance Corporation of India (LIC) announced a change in its Senior Management Personnel (SMP) on April 13, 2026, elevating Mr. Mukesh Chandra Joshi to the role of Additional Zonal Manager, North Central Zone, Kanpur.In this operational update, Mr. Joshi transitioned from his previous role as Chief (Bancassurance & Alternate Channels) at the Central Office in Mumbai.Mr. Joshi's career history with the corporation dates back to 1992, when he joined LIC as an Assistant Administrative Officer. He holds a graduate degree in Humanities from the University of Lucknow. Over his more than three decades of service, he has accumulated significant...

Skyline Ventures India Files FIR Over Alleged Fraud, Misappropriation of Funds Skyline Ventures India Ltd has filed a First Information Report (FIR) detailing suspected fraud involving former directors and associated parties. The company initiated the legal action, filing FIR No. 542/2026 at the Madhapur Police Station in Cyberabad on April 9, 2026. The allegations center on the misuse of funds, suspicious transactions, and potential falsification of records by former key personnel.The FIR names Mr. Prashanth Mitta, former Director; Ms. Asha Mitta, former Managing Director; Mr. Kishore Kumar Nagilla, Director of Verrkotech Solutions Private Limited; and Mr. Gaurav Khurana, Managing Director of Raj Breeders and Hatcheries Private...